Pragmatik Labs
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2026-09-01
Investment
Pragmatik Labs • Angel
Former Alibaba Qwen lead launches Pragmatik Labs at $2 billion valuation: Former Alibaba Qwen technical lead Lin Junyang has founded Pragmatik Labs in Shanghai with a $2 billion angel-round valuation. Gaorong and HSG co-led the round with $100 million each, while Tencent contributed $20 million to support the startup's focus on digital and physical agents.
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